Delta reported a $400 million hit to results so far in Q4, CEO Ed Bastian told CNBC, but said demand has been "really, really great." The $400m charge is a notable drag on quarterly results, offset partially by strong consumer demand supporting near-term revenue prospects. Expect company- or sector-level stock moves (low single-digit %) rather than broad market impact.
Delta reported a $400 million hit to results so far in Q4, CEO Ed Bastian told CNBC, but said demand has been "really, really great." The $400m charge is a notable drag on quarterly results, offset partially by strong consumer demand supporting near-term revenue prospects. Expect company- or sector-level stock moves (low single-digit %) rather than broad market impact.
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